Coronavirus Is More Dangerous for the Global Economy Than SARS

The video discusses the impact of SARS in 2003, which significantly affected China's GDP and the global economy. At that time, China's GDP was 4% of the global total, but now it is 17%, meaning any economic downturn would have a larger impact. The video explores potential scenarios for a new outbreak, especially during the Lunar New Year, a peak consumption period. Current travel restrictions are more extensive than in 2003, and if the outbreak is contained quickly, growth could recover. However, if it persists, the economic damage would be more severe, affecting neighboring countries like Hong Kong, South Korea, and Vietnam.

How many people were killed by SARS in 2003?

• 500

• 800

• 1000

• 1200

What was the percentage drop in China's GDP from the first to the second quarter of 2003 due to SARS?

• 1%

• 2%

• 4%

• 3%

What was China's share of the global GDP in 2003?

• 4%

• 20%

• 10%

• 17%

During which holiday did the latest outbreak occur, affecting consumption in China?

• Chinese New Year

• Dragon Boat Festival

• Lunar New Year

• Mid-Autumn Festival

Which countries are expected to be hit harder if the outbreak persists?

• India, Indonesia, and Singapore

• Hong Kong, South Korea, and Vietnam

• Philippines, Taiwan, and Cambodia

• Japan, Thailand, and Malaysia